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What is a deposit form?

 A deposit form is a small paper form that a bank customer


includes when depositing funds into a bank account.

 A deposit form contains the date, the name of the


depositor, the depositor's account number, and the
amounts being deposited as well as a breakdown of
whether the deposit consists of checks, cash, or if the
depositor wants a specific amount of cash back from a
check deposit.

 The deposit form serves as proof that the bank


acknowledged receiving the funds from the customer.

How is a Deposit form used?


A customer can find a stack of deposit forms when entering a
bank, with designated spaces where they can fill in the
required information to complete the deposit.

The form also breaks down whether the deposit consists of


checks, cash, or if the depositor wants a specific amount of
cash back from a check deposit. The bank clerk verifies the
funds received for the deposit against the amounts listed on
the deposit form to ensure they match
Deposit forms are often included in the back of checkbooks.
These have the customer's account number and the bank
routing number pre-printed on them so you need only enter
the details of the deposit you're making.

Benefits of A Deposit form


Deposit forms protect both the bank and the customer. Banks
use them to help ensure that no deposits are unaccounted for
at the end of the business day.

For bank customers, a deposit form serves as a receipt that the


bank properly accounted for the funds and deposited the
correct amount into the correct account. The deposit form
serves as proof that the bank acknowledged receiving the
funds from the customer if the customer later checks the
account balance and discovers the deposit was not reported
correctly.

Alternative for Deposit Form


Many major banks allow you to make mobile deposits if you're
depositing a check. Simply take a picture of the check on your
phone then submit it as a deposit using your bank's mobile
app. You must typically enroll with your bank to use the app
and some banks may enforce limits as to how much you can
deposit this way.
Deposit forms are becoming a thing of the past as banks have
begun removing them from their branches in favor of new
technology. Most banks don't require deposit forms for ATM
deposits because the computer can read the check or count the
cash and electronically credit the account with the ATM card.

What is a Bank routing number?


A bank routing number is a unique 9-digit number that works
like an address for your bank. It is used for electronic
transactions such as funds transfers, direct deposits and bill
payments.

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